11:41:36 EDT Tue 28 Jun 2022
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Edge Total Intelligence Inc
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Shares Issued 16,919,644
Close 2022-02-04 C$ 0.65
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Edge Total hires Sophic Capital for IR services

2022-02-07 11:39 ET - News Release

Mr. Sean Peasgood reports


Edge Total Intelligence Inc. (edgeTI) has established a capital markets strategy and investor relations arrangement with Sophic Capital Inc. of Toronto, Ont., Canada, pursuant to the terms of a capital markets advisory agreement. While these services are common, Sophic's deep expertise in technology and industrial markets, combined with decades of capital markets experience, adds critical expertise to cultivate meaningful discussion and awareness of investment opportunities in digital operations software among investors.

"A known but growing trend is that businesses across the globe are struggling to manage their software tools and provide data transparency and intelligence across the enterprise," said Sophic Capital president and chief executive officer Sean Peasgood. "edgeTI has unified control and intelligence software to reverse this costly trend. And with a leadership team that has decades of operational experience, we're confident that edgeTI is well positioned to become a market leader. On behalf of the partners at Sophic Capital, I'd like to thank edgeTI for choosing to work with Sophic, and we look forward to helping the company communicate successful milestones across the capital markets."

"In examining potential firms, Sophic Capital impressed us with their work with other issuers and their deep experience and knowledge in the technology sector," added James Barrett, chief executive officer. "What stood out to us was their balanced approach to developing relationships with the market and educating investors."

The agreement and the obligations of the company under the agreement are subject to the approval of the TSX Venture Exchange. Under the terms of the agreement, Sophic will provide, among other things, capital strategy, market education, sell-side relationship development, investor campaigns, creative assistance, investor conferences and road shows.

The initial term of the agreement is for a period of six months, commencing Feb. 1, 2022, and the agreement will automatically renew for successive six-month terms unless terminated by either party on 30 days of written notice. As consideration for the services to be provided by Sophic, the company has agreed to pay Sophic a monthly fee of $8,000 per month (plus taxes) and has granted to Sophic an initial 100,000 options at an exercise price of 62 cents per option. The company has also agreed to grant to Sophic such additional number of options as soon as reasonably practicable following the first extension of the term of the agreement, as will result in Sophic being granted options (including the initial options) that, in the aggregate, equal 1 per cent of the company's issued and outstanding common shares as of the date of grant. Such additional options will have an exercise price equal to the price of the common shares on the TSX-V on the date immediately preceding the grant, subject to TSX-V approval. All such options will vest in equal amounts on a quarterly basis over the course of 12 months from issuance and will expire on the earlier of 12 months from the date that Sophic ceases to be engaged by the company and five years from the date of grant. All options granted to Sophic will be subject to the terms of the company's stock option plan, the terms of any stock option agreement entered into between Sophic and the company and the rules and policies of the TSX-V. Other than the options, Sophic has no interest, directly or indirectly, in the company or any securities of the company and has no intention to acquire such an interest.

Pursuant to a waiver from the TSX-V, the company has amended its stock option plan dated Feb. 1, 2019, such that the number of options issuable under the plan is now determined based on the number of issued and outstanding single voting shares of the company, together with the number of single voting shares the issued and outstanding multiple voting shares of the company are convertible into, at the applicable time.

About Edge Total Intelligence Inc.

Edge Total Intelligence is a leader in real-time digital operations -- delivering increased operational resilience, agility and efficiency. The company's low-code rapid development software, edgeCore, securely unifies control and intelligence without creating new data stores or uprooting existing systems. Configurable pipelines and visualizations transform siloed systems into composable operations that meet the unique needs of users and evolving business situations.

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